Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ passed above its two hundred day moving average during trading on Wednesday following insider buying activity. The stock has a two hundred day moving average of C$42.85 and traded as high as C$43.31. Canadian Natural Resources shares last traded at C$43.04, with a volume of 13,130,414 shares trading hands.
Analysts Set New Price Targets
A number of research firms recently commented on CNQ. CIBC raised their price objective on shares of Canadian Natural Resources from C$59.00 to C$62.00 in a research note on Thursday, April 10th. Royal Bank Of Canada raised their price objective on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Wells Fargo & Company raised their price objective on shares of Canadian Natural Resources from C$40.00 to C$42.00 in a research note on Thursday, May 22nd. Desjardins cut their target price on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, National Bankshares cut their target price on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a "sector perform" rating for the company in a research report on Friday, March 7th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Canadian Natural Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of C$54.25.
Get Our Latest Research Report on CNQ
Canadian Natural Resources Stock Down 0.5%
The firm has a market cap of C$90.32 billion, a P/E ratio of 11.95, a P/E/G ratio of 0.53 and a beta of 1.89. The business's fifty day moving average price is C$42.52 and its two-hundred day moving average price is C$42.85. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79.
About Canadian Natural Resources
(
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Canadian Natural Resources is one of the largest oil and natural gas producers in western Canada, supplemented by operations in the North Sea and Offshore Africa. The company's portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas. Production averaged 1.16 million barrels of oil equivalent per day in 2020, and the company estimates that it holds over 11.5 billion boe of proven and probable crude oil and natural gas reserves.
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